PREVIOUS LOW SUPPORT = 0.65517 (HELD FROM 29/MAY/2019)
LOWEST LOW SUPPORT = 0.65332 (FROM 23/MAY/2019)
With JP Morgan Vice President Of Global currency (Paul Meggyessi) has said "that in a recession, the NZ Dollar will be the worst performing major currency". He also stated that "the New Zealand Dollar lose and average, 7%-8% of it value.
Looking at the table...
Even though the NZD is still week, it has broken through the bearish trend and has started to form a bullish trend . Even though today (30/05/2019) has shown a massive bearish movement that nocked it -0.50% - -0.56% from a bullish morning that reached upto 0.65888 (+0.30%). It has bounced of the last support @0.65517 and fallen within the bullsih trend. this could...
EUR NZD BROKE A KEY LEVEL, AND COME BACK TO 1.67310 REJECTING THIS AREA AND MOVE US BACK ABOVE 1.68010.
At this exact moment, we should be looking for a clear rejection of 1.68010, confirming that will be our new support in order to head to our target 1.68946!
All the best Trading Protection!
AUD NZD IS ABOUT TO PRESENT US WITH A LONG OPPORTUNITY!
Making the description simple - we have our daily resistance at 1.05355 that have rejected around 5 times from that zone. With that been said, a clean break of 1.05355 and retest would present us with a long opportunity!
Please, be patience and see the resistance turning support in order to place a long...
Hello everyone, Sorry for this late post we forgot to post last week in our private idea box so we posting now.
This was a very good move for us. we was expecting a slight short fall but it looked liked it never happened.
comment below if you have any comments?